177
177
Nov 29, 2012
11/12
by
CNNW
tv
eye 177
favorite 0
quote 0
president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest, house speaker and others have been trying to play down the fact that president obama and others got a significant boost from voters. in politics there is the temptation from those who win office to think that they have a mandate to do what they will. they re-elected the house republicans. so whether people intended or not, we have divided government. >> the american people made clear that there is no mandate for raising tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the hou
president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest,...
91
91
Nov 29, 2012
11/12
by
CNNW
tv
eye 91
favorite 0
quote 0
we shall not pay anymore taxes ever. >> at some point there is just too much tax. we are a long way from that. let's look at earned income tax. they are lower now. all president obama is doing is saying let's go from 35% to 39.6% the same as it was under president clinton the economy did very well and it is more than just a drop in the bucket. just raising rates on people making over $250,000 would be a trillion dollar over the next ten years. >> $1 trillion is not to be sniffed at. some broke with the leadership and urged his party to extend the tax cuts to ensure that their taxes don't go up. he has a point there. who cares. >> sure, there is a point in there, i might dispute the numbers. i would argue, as the members of my party, that we have a spending problem as opposed to a revenue problem to my friend steve's remark about the clinton tax rates that sounds great to go back to 39%. but, actually, those budgets bear little resemblance to the tax rates. remember, in the latter clinton years, we were roughly at peace time and two, they had been a capital gains ta
we shall not pay anymore taxes ever. >> at some point there is just too much tax. we are a long way from that. let's look at earned income tax. they are lower now. all president obama is doing is saying let's go from 35% to 39.6% the same as it was under president clinton the economy did very well and it is more than just a drop in the bucket. just raising rates on people making over $250,000 would be a trillion dollar over the next ten years. >> $1 trillion is not to be sniffed at....
120
120
Nov 29, 2012
11/12
by
CNNW
tv
eye 120
favorite 0
quote 0
raising taxes on the wealthy is easy. >> it is hard to do and you can't do it on a partisan basis. this election did not produce a mandate for president obama or our democratic friends, we have got exactly the same thing we had before the election which is divided government. >> he has more people in congress than he had before and he did win the election and he was clear he wanted to raise taxes on the rich. >> we have got divided government, neither party could do what they want to alone, like the first two years that obama was president, we got obama care and other pieces of legislation. i think people want well thought out negotiated bipartisan solutions to the problem. you don't get that when the president has no plan to close that hole and to deal with medicare and social. and he spends his time not around the negotiating table, but rather conducting rallys outside of town. i just think he's not serious about this. >> the president has said he would support raising the age for medicare coverage for a ten-year period. >> he has said a lot of things at different times, but he h
raising taxes on the wealthy is easy. >> it is hard to do and you can't do it on a partisan basis. this election did not produce a mandate for president obama or our democratic friends, we have got exactly the same thing we had before the election which is divided government. >> he has more people in congress than he had before and he did win the election and he was clear he wanted to raise taxes on the rich. >> we have got divided government, neither party could do what they...
147
147
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 147
favorite 0
quote 0
>> i don't know who else goes at this point unless it's obama himself. it's not like the white house is replete with people. make jack lou. i think there is a lot to be said for the white house and their position is going to be able to go through with tax cuts. you know, the middle-class tax cut's going to go through. the tax increases on the rich is going to go through. >> the president has the leverage. the gop accusing the white house of failing to put forward the specifics. are democrats saying we told you what to expect farce revenues, now tell us what you want. >> i think the democrats are really at this point just trying to play this game of chicken. i've just come from capitol hill just now. there was a press conference with harry reid and senator murray, senator schumer, senator durbin. i think what they're trying to do, this is a very high stakes game of chicken. they're trying to have the other side blink first and put out a detailed proposal they can then pick apart without having to do that first themselves. >> meanwhile we have republican c
>> i don't know who else goes at this point unless it's obama himself. it's not like the white house is replete with people. make jack lou. i think there is a lot to be said for the white house and their position is going to be able to go through with tax cuts. you know, the middle-class tax cut's going to go through. the tax increases on the rich is going to go through. >> the president has the leverage. the gop accusing the white house of failing to put forward the specifics. are...
99
99
Nov 29, 2012
11/12
by
CNBC
tv
eye 99
favorite 0
quote 0
to discuss middle class tax cuts and the dangers of the fiscal cliff. it is a factory i toured as part of our "how i made my millions" series earlier this year. what is this called? >> just a hopper. >> reporter: intricate creations constructed with a plastic product called k'nex, a build it yourself toy invented by this big kid, joel blickman at the age of 50. >> i really built k'nex for myself. >> reporter: he was so convinced everyone would clamor for the toy, he pitched it to mattel and hasbro. >> what ends up turning out was that none of the toy companies wanted it. >> how do you overcome the rejection? >> you get annoyed, which i did. and decide well, we'll do it ourselves. if they're that dumb, what they know can't be that difficult to learn. >> reporter: they developed their own packaging, started marketing it. at first, they shipped it out to a few local shops. >> and they make those toys all in america. p "power lunch" exclusive, the kroe ceo, michael erickson. why do you think the president chose your factory, your company to make his fiscal
to discuss middle class tax cuts and the dangers of the fiscal cliff. it is a factory i toured as part of our "how i made my millions" series earlier this year. what is this called? >> just a hopper. >> reporter: intricate creations constructed with a plastic product called k'nex, a build it yourself toy invented by this big kid, joel blickman at the age of 50. >> i really built k'nex for myself. >> reporter: he was so convinced everyone would clamor for the...
221
221
Nov 29, 2012
11/12
by
CNBC
tv
eye 221
favorite 0
quote 0
speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that it's -- or believe that it's inevitable that you'll have to accept some compromise like the actual rates? >> revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has
speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that...
263
263
Nov 29, 2012
11/12
by
CNBC
tv
eye 263
favorite 0
quote 0
. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures
. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place....
506
506
Nov 29, 2012
11/12
by
CNNW
tv
eye 506
favorite 0
quote 0
. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from reporters across capitol hill. president obama doesn't like doing these things. he doesn't like the personal interaction. and he certainly isn't one known to set aside his grudge. so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, wh
. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from...
293
293
Nov 29, 2012
11/12
by
KPIX
tv
eye 293
favorite 0
quote 0
meanwhile president obama puts pressure on republicans to extend tax cuts for the middle class. >> it's too important to washington to screw this up. >> twin winners, a pair of winning tickets are sold in last night's record setting powerball
meanwhile president obama puts pressure on republicans to extend tax cuts for the middle class. >> it's too important to washington to screw this up. >> twin winners, a pair of winning tickets are sold in last night's record setting powerball